OpenSea, a leading NFT marketplace, has formally requested the Securities and Exchange Commission (SEC) to clarify whether NFT marketplaces should be regulated as exchanges or brokers. This request is especially timely given the current state of the NFT market. With the recent turmoil in the market and overall regulatory fog,...
The Securities and Exchange Commission (SEC) has long maintained a hard line against cryptocurrencies. Despite this, they often take the position that these digital assets are unregistered securities. This enforcement-by-litigation approach has resulted in high-profile lawsuits against major cryptocurrency platforms for conduct that the SEC claims violates securities laws. New...
Ripple’s recent victory against the SEC, while epic in its own right, is not a panacea. Hold your horses before popping the champagne and celebrating a crypto revolution just yet. The celebrations are just as legitimate – a David-and-Goliath battle won almost by accident. That said, this isn’t only about...
Ripple Labs has clearly laid the groundwork to prevent itself from being caught flat-footed again. It has since shifted its goals to focus on becoming a major player in the global prime brokerage space. Ripple’s ambition is clearly on display with its announced acquisition of Hidden Road. They purchased the...
The regulatory landscape for cryptocurrencies within the United States has been a hot topic of debate and cloudy confusion. Recent signals have suggested a shift in the Securities and Exchange Commission’s (SEC) attitude toward this practice. This change would be a boon for crypto firms as they continue to work...
The SEC's hinted shift towards a potentially more lenient approach to crypto regulation – a "short-term crypto oversight framework," as they're calling it – feels like watching a high-stakes poker game. Are they bluffing? Are they holding a royal flush? Or, is it that they’re just bluffing and trying to...
The air is thick with anticipation. For too long, the crypto industry has felt like a pioneer town under siege, constantly battling not bandits, but a regulatory environment that seemed determined to stifle, rather than nurture, its growth. The winds are changing, aren't they? The SEC's potential shift – a...
The crypto world is holding its breath. We’ve experienced that whole roller coaster ourselves – the breathtaking highs, the gut-wrenching falls and the ongoing regulatory whiplash. Read more about Acting SEC Chair Mark Uyeda’s proposal for a crypto framework on a temporary, experimental basis. Might we be standing at the...
The world of cryptocurrency is a new frontier, with innovation at lighting speed that brings new opportunities and threats every day. Charting a course through this volatile and rapidly changing landscape demands a subtle touch as regulators seek to promote innovation while safeguarding investors. Recently, Acting SEC Chair Uyeda proposed...
OpenSea’s recent request for relief from the SEC isn’t limited to OpenSea. This is a critical inflection point not just for the crypto space as a whole but an opportunity to set the stage for digital ownership’s promising future. Forget all that doom and gloom you may be seeing all...